June enrollment, 622,446, marks an all-time high in the Balearic Islands

Jul 5, 2023 | Current affairs, Featured, Revista Lloseta, Thursday Daily Bulletin, Tradition

Unemployment continues to fall and stands at 28,324 people, a record not seen since 2007, despite the fact that enrolment is now much higher than 16 years ago.

TDB keeps you informed. Follow us on FacebookTwitter and Instagram

June enrollment

The administrative unemployment rate stands at 4.3%, the lowest ever recorded in the Balearic Islands and much lower than the national rate of 11.4%.

The affiliation in the month of June was 622,446 people in the Balearic Islands, which means an increase of 5% compared to a year ago and reaches a record of affiliation in the whole historical series of the Balearic Islands, being a month of June. This is one of the main data presented today by the acting Minister of Economic Model, Tourism and Labor, Iago Negueruela, who explained the evolution of the labour market in June.

This data on affiliation is the highest, in percentage terms, in Spain. In fact, and in relation to May, the Islands created 20,889 jobs, which means that almost one out of every two of the new affiliations registered in Spain (54,541) have been generated in the Islands.

With these data, the conseller predicted a very intense high season, which will allow, for the first time, to accumulate 5 months with affiliations above 600,000 people, between May and September.

28,324 people unemployed, a decrease of 17.3% year-on-year

Unemployment in June stood at 28,324 people, a record that goes back to 2007 to find similar figures, but with a much lower level of activity than at present. Compared to last year, unemployment in June fell by 5,424 people, a percentage drop of 17.3%, the most intense in Spain as a whole, which fell by 6.7% compared to a year ago.

Unemployment also fell with respect to May in the Islands, with 476 fewer people unemployed than a month ago.

All this means that the administrative unemployment rate for June in the Balearic Islands stands at 4.3%, the best administrative unemployment rate in the Balearic Islands in its entire history and almost half the national average (11.4%).